If you follow the news, you'll know that the Feds cut rates by a quarter point as predicted. I would've never thought interest rate would be lower than 4% again this year, but wow, the interest rate had stayed at 3.875% for the past 2 days. If you own a home and would like to re-finance, this would be your chance. If you are looking for a home, lock in your rate! Call your lenders right away to save you some money!

To add on to last week's wealth building, here are some other things to consider: Your credit score... why? Because it is one of the requirements lenders need to see before giving you a rate. Your interest rate depends on many things, and one of them is this magical number. If you haven't gotten a credit report in years and are thinking about getting a home, it would be a good idea to get one now. You'll need make sure you know your credit score, and that all the information on it is up to date and current. If you know you have bad credit but don't know what to do, call me, I can refer you to a good credit repair person to get you back on track for your home buying journey.

Oh and if you were affected by the Equifax data breach you might be eligible for a settlement. To confirm you're eligible to file a claim, enter your last name and the last six digits of your Social Security number on the site or call the Settlement Administrator at 1-833-759-2982.

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Based on information from California Regional Multiple Listing Service, Inc. as of June 7, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.